Do children have unreasonable expectations when it comes to money? Some new research suggests the personal finance knowledge and salary expectations of youngsters today needs some work. The study by Halifax found children want to earn £4 million a year, but think they will ‘only’ earn £1.5 million a year. This equates to around 50 times the average UK salary and suggests the children they asked for the survey might need to moderate their earning expectations for the future.
Teaching children about money
This 629 word blog post shares new research about children’s salary expectations and understanding of personal finance issues, and includes some ways parents can teach their kids about money. Written on 29th May 2018.